Customizing the K-1 transmittal letter for a partnership, S-Corporation, or fiduciary in Lacerte

Follow these steps to generate the K-1 transmittal letter:

1. From the Settings menu, select Options.
2. Select the Items to Print tab.
3. Scroll down to the Print Settings section.
4. Select Yes in the dropdown for K-1 Transmittal Letter for Each Sub-client for the appropriate copy of the tax return (Preparer Review, Preparer File, Client, Government).

Follow these steps to create and edit a new letter:

1. From the Settings menu, select Client Letter.
2. Choose the appropriate letter tab to edit (it's recommended that you create a new letter so the default letter isn't changed).
3. In the Letter Navigation box, expand the K-1 folder.
4. Under K-1 Transmittal, select the section(s) to edit and make changes.
5. When the changes have been made, save the letter under the folder menu.

Additional notes

• If a new letter was created, and applies to all clients, change the default letter under:  Settings > Options > Setup.
• If the new letter applies to one client, change the letter number in the Invoice, Letter, Filing Instructions Screen under the Client Letter section in the Folder Number field.
• The K-1 letter can't be edited in the Custom Letter Screen.